South Milwaukee cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

A general overview of the cost of living index for South Milwaukee, WI is displayed above. In South Milwaukee, WI, the overall cost of living index is 94, which is 2% lower than the Wisconsin average and 6% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of South Milwaukee, WI, the city's goods and services are 3% lower than the Wisconsin average and 5% lower than the U.S. average.

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How would you rate the cost of living in South Milwaukee?Excellent. Goods, services and housing are all very affordable.Good. Most goods and services are affordable.Poor. Everything is more expensive than I'd like.Awful. You'll have to take out a loan to live here.View resultsWrite a review to give others more information about this area.Is the cost of living increasing or decreasing in South Milwaukee?Decreasing rapidly. Costs are dropping at a rapid rate.Decreasing steadily. Costs of goods and services are declining.Increasing steadily. Prices are increasing, but at a reasonable rate.Increasing rapidly. I can barely keep up with the increasing prices.View resultsWrite a review to give others more information about this area.

Did you know?

The cost of living in South Milwaukee is 2% lower than the Wisconsin average.

The cost of living in South Milwaukee is 6% lower than the national average.

The cost of housing in South Milwaukee is 17% lower than the national average.

Compare South Milwaukee, WI Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator allows you to compare how much your current salary in South Milwaukee, WI would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than South Milwaukee, WI, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The South Milwaukee, WI salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$74,348

$6,196

$1,735

$2,231

Renters

$33,631

$2,803

$785

$1,009

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in South Milwaukee, WI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for South Milwaukee, WI homeowners, is $74,348. This would allow for a maximum of $1,735 per month to be spent on housing costs. For renters, the median monthly income is $33,631 which would result in a maximum of $785 to be spent on rental costs.

Wisconsin Sales Tax

State

General Sales Tax

With Max Surtax

Wisconsin

5%

6.75%

Wisconsin Income Tax

State

Income Tax (Low)

Income Tax (High)

Wisconsin

4%

7.65%

When considering the overall cost of living expenses in South Milwaukee, WI, it's important to take into account the sales tax for Wisconsin, as well as the rate for income tax in Wisconsin. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Wisconsin is 6.75%, and the sales tax in the state of Wisconsin is 5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Wisconsin starts from 4% and goes up to 7.65%.

Goods & Services

Item

South Milwaukee

National avg.

Difference

Haircut

$16.73

$16.09

4.0%

Beauty Salon

$34.01

$37.33

8.9%

Toothpaste

$2.07

$2.45

15.4%

Shampoo

$0.97

$1.00

2.8%

Movie

$10.52

$10.28

2.4%

Bowling

$3.85

$4.93

21.9%

Groceries

Item

South Milwaukee

National avg.

Difference

Ground Beef

$3.74

$3.80

1.7%

Fried Chicken

$1.95

$1.40

39.6%

Milk

$1.85

$2.01

7.9%

Potatoes

$2.02

$3.01

32.8%

Pizza

$8.95

$9.89

9.4%

Beer

$7.76

$8.90

12.8%

Health Care

Item

South Milwaukee

National avg.

Difference

Optometrist

$53.85

$102.16

47.3%

Doctor

$163.66

$108.36

51.0%

Dentist

$98.09

$92.53

6.0%

Ibuprofen

$9.39

$9.28

1.2%

Lipitor

$406.92

$425.82

4.4%

Housing

Item

South Milwaukee

National avg.

Difference

Home Price

$154,300.00

$184,700.00

16.5%

Avg. Mortgage Payment

$1,146.55

$1,202.44

4.6%

Apartment Rent

$774.00

$949.00

18.4%

Transportation

Item

South Milwaukee

National avg.

Difference

Gasoline

$2.27

$2.24

1.2%

Tire Balancing

$38.95

$46.29

15.8%

Utilities

Item

South Milwaukee

National avg.

Difference

All Electricity

$160.58

$165.96

3.2%

Phone

$34.53

$28.68

20.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.